Better Bite Ventures, along with fellow investors SGInnovate and Silverstrand Capital, has invested US$1.5 million in Singapore-based Greenitio, a green chemistry startup focused on developing sustainable biopolymers to replace microplastics across various industries.
Information on the Target
We are pleased to announce our investment in Greenitio, a green chemistry startup dedicated to reducing emissions and addressing the challenges posed by microplastics in sectors such as personal care, food, and agriculture. Greenitio has developed a pioneering technology that transforms natural and sustainable feedstocks into high-performance biopolymers, offering a more cost-effective and environmentally friendly alternative to traditional petrochemical processes.
Headquartered in Singapore, Greenitio is focused on initial applications that utilize fungi-derived chitosan-based molecules for personal care products. Their flagship biopolymer lines—Chitosola™, Chitobe™, and Chitobela™—have successfully transitioned from trials to commercial deployments in various global markets, with additional materials progressing from research and development to pilot production to meet increasing demand.
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Industry Overview in Singapore
Singapore has emerged as a significant hub for the green chemistry industry, leveraging its robust infrastructure and strong support from the government for sustainable innovations. The country’s strategic position in Southeast Asia, coupled with its a
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Better Bite Ventures
invested in
Greenitio
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M